Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.3.1.900
Intangible Assets
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
INTANGIBLE ASSETS
The following table summarizes acquired intangible assets as follows:
 
 
 
December 31, 2015
 
December 31, 2014
(In thousands)
Weighted
Average Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Patents
5 Years
 
$
2,146

 
$
1,264

 
$
2,146

 
$
1,077

Noncompete Agreement
4 Years
 
2,500

 
479

 
—

 
—

Trade Names
8 Years
 
10,217

 
2,216

 
8,304

 
1,288

Completed and Unpatented Technology
7 Years
 
24,056

 
6,795

 
18,107

 
4,396

Backlog
1 Year
 
11,202

 
10,793

 
10,902

 
9,629

Customer Relationships
13 Years
 
96,472

 
16,770

 
82,546

 
10,624

Total Intangible Assets
6 Years
 
$
146,593

 
$
38,317

 
$
122,005

 
$
27,014


Amortization is computed on the straight-line method for financial reporting purposes, with the exception of backlog, which is amortized based on the expected realization period of the acquired backlog. Amortization expense for intangibles was $11.3 million, $15.8 million and $4.9 million for 2015, 2014 and 2013, respectively.
Based upon acquired intangible assets at December 31, 2015, amortization expense for each of the next five years is estimated to be:
(In thousands)
 
2016
$
10,762

2017
$
10,336

2018
$
10,023

2019
$
9,622

2020
$
9,088